The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.
Answer:
The stock market appeared to be a sure way because prior to the great crash of 1929 the stock market soared and reached record highs. especially the DOW increased rapidly from 1921 to 1929 by six folds and with the ability to 'buy on margin'(paying a little percent of the stock value and borrowing the rest from the bank or broker) low-income earners and business people saw the stock market as a sure way to make money because of its steady price movement upwards. and also the overall economic climate in the USA was steady with unemployment at its lowest
Explanation:
The great crash of 1929 gave signs and warnings because most stocks were overpriced before that time and have reached their record highs but investors taught it would continue to soar higher so it appeared to them a sure way of making money
